The market is experiencing intriguing shifts with a multitude of tokens, now exceeding 14,000, pushing the market capitalization to about $2.4 trillion. Despite this growth, not all cryptocurrencies display equal levels of utility or adoption. Recent attention has been drawn to several tokens labeled as “zombie blockchains”: they maintain high market values but exhibit little real-world use or user engagement. These include prominent names such as Ripple (XRP) and Cardano (ADA), which, despite their capabilities and historical significance, have largely not disrupted their intended markets nor achieved significant technological milestones.
Amidst this, a certain new token has made headlines by contrasting sharply with the so-called zombie tokens. While Ripple (XRP) and Cardano (ADA) face criticism for their limited adoption and practical use, this project has begun to capture the imagination and interest of the market, suggesting itself as a better, stronger alternative.
ScapesMania: Bridging Worlds, Unleashing Potential
The first coin we will discuss today is the hyped-up newcomer, ScapesMania. It is where gaming meets simplicity. As a player, dive into exciting experiences without fussing over crypto. And if you hold tokens, you’re in for a treat – you can benefit from the project’s success and help steer its course through DAO.
As the casual gaming market heats up, ScapesMania could be poised for greatness. You’ve seen other gaming projects take off, right? Well, now it’s ScapesMania’s turn to shine in this thrilling crypto wave.
The Rise of ScapesMania: A Snapshot
ScapesMania’s journey is marked by milestones:
- Presale Success: The project amassed a whopping $6,000,000 in a presale from crowd/retail contributions only — no big shots on board!
- Top of the Charts: On their first day of trading, ScapesMania shot to the top of DEXTools’ Hot Pairs list.
- Impressive Trading Volumes: People traded $2.25 million worth of $MANIA tokens in just one day.
- Holder Base: The holder count surged to a whopping 18,400.
- Community Reach: The project garnered a robust following of over 60,000 across social media channels.
- Phenomenal Growth: The price saw a staggering 147.77% growth within a mere three weeks post-listing.
- Price Heights: $0.02691 marks the highest point for the MANIA/WBNB pair.
Why ScapesMania Has Everyone Talking
ScapesMania is appealing for a few key reasons. Firstly, its tokenomics is balanced with mechanisms like cliff and vesting to be stable and resilient.
Secondly, it enables people to have a say in how things are run through DAO. Expanding token utility is another standout feature. The team keeps finding new ways to use its tokens, making them even more valuable for holders.
Given all the upsides above, it’s no wonder the crypto community eagerly embraces ScapesMania, expressing bullish sentiments about its future.
Level Up Your Crypto Experience
ScapesMania is stepping into the vibrant world of casual gaming at just the right moment. With a solid price after listing and strong initial support, $MANIA shows its strength and promise.
As the casual gaming scene grows, ScapesMania is set to soar as well. Targets for fund generation are met, and now it’s a matter of little things. The team is busy with product development and establishing strategic partnerships.
Ready to be part of something potentially game-changing? Seize the moment – hop on board with ScapesMania now!
>>> Don’t Miss Out – Grab Your $MANIA tokens Today! <<<
Ripple (XRP): Navigating Market Sentiments and Legal Dynamics
The first zombie coin to discuss is Ripple (XRP). It is currently positioned as the seventh largest cryptocurrency by market capitalization, showing a notable upward trend. Ripple (XRP) is trading at a pivotal point, buoyed by a 4% weekly gain and an inflow of investment that suggests increasing confidence from both institutional and retail investors. The asset is leveraging recent market optimism to potentially reach new quarterly highs.
Ripple (XRP) has experienced a 13% growth this year, although this is modest compared to some other cryptocurrencies that have seen much larger gains in the same period. Ripple (XRP) trading momentum is heavily influenced by ongoing developments in its legal landscape, particularly with the SEC, and its implications for market behavior.
The near-term future for Ripple (XRP) appears cautiously optimistic as it aims for the $1 mark. Institutional adoption and enhanced liquidity due to staking in liquidity pools suggest a robust support system. However, volatility remains a concern, with potential resistance points that could curb its ascent to the $1 level.
Cardano (ADA): Confronting Bearish Trends and Recovery Hurdles
The second undead is Cardano (ADA). It currently shows a bearish market structure, recently slipping below key price levels. This trend is underscored by a decrease in DeFi and NFT valuations within the Cardano ecosystem, which correlates with diminishing user activity and overall market sentiment.
Cardano (ADA) is grappling with significant price resistance around the $0.50 mark, having established a trading range between $0.45 and $0.685 over the past five months. Immediate overhead resistance levels suggest that Cardano (ADA) attempts at recovery may face stiff challenges without a significant shift in market conditions.
The outlook for Cardano (ADA) points to continued price consolidation with potential downside risks. A key area to watch is the $0.40 to $0.50 range, where Cardano (ADA) could stabilize if it manages to attract sufficient buying interest. Nevertheless, prevailing market conditions and a strong bearish sentiment could pose ongoing challenges for Cardano (ADA) near-term price trajectory.
Conclusion
Ripple (XRP) and Cardano (ADA) have been noted for their high market capitalizations despite lacking significant adoption or practical use. They were even dubbed “zombie blockchains.” In contrast, the rise of ScapesMania suggests a fresh dynamism within the sector, as it begins to captivate market interest, signaling potentially a revival against the backdrop of stagnant utility observed in other tokens.
Site: https://scapesmania.io/
Twitter: https://twitter.com/ScapesMania
Telegram: https://t.me/scapesmania
Announcement Group: https://t.me/scapesmaniaAnn
Disclaimer: The information presented in this article is part of a sponsored/press release/paid content, intended solely for promotional purposes. Readers are advised to exercise caution and conduct their own research before taking any action related to the content on this page or the company. Coin Edition is not responsible for any losses or damages incurred as a result of or in connection with the utilization of content, products, or services mentioned.
